FOREIGN TRADE: The Real Picture

Among all the pleaders for high protective tariffs, few voices are stronger than that of the camera and optical industry—and no one has more reason to yell for protection. Germany alone sells 150 different camera models in the U.S.; imports of cameras selling for less than $5 are equal to 200% of domestic production. On top of that, in four years (1949-53), imports of lenses skyrocketed from 16,000 to 205,000, mostly (38%) from Japan. Before the House Ways and Means Committee this week stepped one of the nation's leading camera makers, President Charles H. Percy, 35, of Chicago's Bell &...

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